With New York city poised to follow San Francisco with a 'shelter in place&...
- With New York city poised to follow San Francisco with a “shelter in place” order over fears of the coronavirus spreading, anxiety is rising inside major U.S. banks about differing work-from-home policies.
Wells Fargo & Co on Tuesday became the latest to implement such a stay at home declaration in response to the quickly-spreading coronavirus outbreak, but only for employees who don’t interact with customers and can effectively work remotely. Wells Fargo spokeswoman Beth Richek said some employees who support critical operations, including contact centers, “must be onsite in order to serve our customers. As the situation evolves quickly, we continue to explore alternatives, and are taking significant actions to ensure the safety of our team while ensuring customers are provided the services they need.”
However, since financial services is considered a critical infrastructure industry by the Department of Homeland Security, many bankers are still reporting to the office. That has caused unease among bank employees from investment bankers to tellers, as they watch cities shut down around them.
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